The financial crisis in Greece is worst than you think. The country is on the verge of collapse and the people there are feeling it. Recently a mother and her son committed suicide and jumped off a building.
However, this is not the first suicide, many has occurred in the past few months, including elderly men going into government buildings and shooting themselves in protest.
-Greece free lunch is over
-Don’t know Euro can survive
-America is the greatest debtor (owes the most money) in the history of the world
-American cannot compete anymore
-The U.S dollar is a flawed currency
-Other people’s money
-The world economy power is moving east to Asia
-More central bank money printing coming
-New global financial recession / setback in 2013-2014
-The people that lose their jobs will suffer the most
-Businesses will suffer globally
- The U.S Federal reserve do not want Gold prices to rise, because people will see the truth that the U.S. dollar is going to be worthless because too much has been printed and the U.S government is too much in debt (15 Trillion).
- American’s are being lied to with government CPI (consumer price index) statistics which does not take into account gas and food prices into their statistics for inflation. Ya sure we don’t need to eat or drive our cars to work.
- The corrupt politicians keep stealing taxpayers money, and mooch of taxpayers money to live.
- China will experience economic hardship as well, when worldwide depression hits.
This protest was on May 20th, 2012. It was a peaceful protest against the wars that NATO has engaged in over the past decade with America leading the charge for all the wars.
The U.S. government have bankrupted America with war after war. Trillions of taxpayers money have been used to start wars in the middle east under the cloak of “Democracy” but it is really for more foreign oil.
Wow, 90000 Californian citizens are about to lose unemployment benefits, that is a big one. Needless to say this is going to have major ripple effects like demand for non-necessity goods and services (luxury items, dining out etc.) and also more desperate people with less to do which can increase crime.
Now, China can buy treasuries/bonds from the United States direct without paying commissions from the likes of big brokers such as JP Morgan. This is Tim Geithner’s way of bending over, because the American government is so bankrupt and need money from China fast, so I think that is why this plan has been put into place.
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